Selection procedure 2007 2008
A-share
companies listed
on SSE
Companies included in SSE
Corporate Governance Sector
A-share
companies
listed on SSE
Companies included in SSE
Corporate Governance Sector
Total 851 199 864 231
Less: financial enterprises 19 10 20 13
Companies with incomplete data 219 40 144 30
Companies listed on or after
November 2, 2007
5 – 10 2
Outliers 6 – 12 2
Final sample observations 602 149 678 184